Rio de Janeiro, May 23, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby informs the market that its Board of Directors held an extraordinary meeting today to analyze the nomination of executive Pedro Parente to the positions of Chairman of the Board of Directors and Chief Executive Officer (CEO) of the Company. At the meeting... Continue Reading →
Clarification on News: Resignation of the CEO Aldemir Bendine
Rio de Janeiro, May 20, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby answers to the Official Letter No. 222/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter No. 222/2016-CVM/SEP/GEA-1 “Mr. Director, We refer to the news item published today in the newspaper Estadão Online, News section, under the title: "To make the change in Petrobras... Continue Reading →
Petrobras Climbs on New CEO Appointment as Ibovespa Fluctuates
Petroleo Brasileiro SA rallied after the appointment of a new chief executive officer for the beleaguered state-controlled oil producer. The Ibovespa fluctuated. Petrobras, as Petroleo Brasileiro is known, advanced as Pedro Parente, the former president of agribusiness giant Bunge Ltd.’s Brazil unit, was named to lead the company at the heart of a graft scandal that... Continue Reading →
Petrobras reopens foreign debt markets for Brazilian corporates
Oil firm Petrobras threw open the door for Brazilian corporate issuance this week after printing a US$6.75bn bond - the first domestic company to sell foreign debt since June 2015. Days before Petrobras took the plunge, bankers were spying a window of opportunity for Brazilian borrowers on hopes a new business friendly government would pull... Continue Reading →
EIG names Brazil’s Odebrecht, shipyards in Petrobras suit
May 19 Investment management firm EIG Management Co added Brazil's engineering conglomerate Odebrecht SA and a few other shipyards in its $221 million fraud suit against Petroleo Brasileiro SA. EIG, in a filing on Wednesday, alleged that Odebrecht SA and other shipyards along with Petrobras misled the firm to invest over $221 million to purchase... Continue Reading →
Petrobras announces the pricing of global notes and increase of waterfall tender cap
Rio de Janeiro, May 18, 2016 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of global notes denominated in U.S. Dollars to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing is expected to... Continue Reading →
Brazil regulator renews two Petrobras offshore leases for 27 years
May 17 Brazilian petroleum regulator ANP said on Tuesday that it extended state-run oil company Petroleo Brasileiro SA's concessions to explore and produce oil from the Marlim and Voador offshore fields for 27 years, to 2052. The extensions were made to help facilitate new investment in the fields, which require new wells, production equipment and... Continue Reading →
UPDATE 3-Petrobras tests investor sentiment with $6.75 bln bond sale
May 17 State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday through a sale of five- and 10-year dollar-denominated bonds, in a closely watched return to global capital markets after the suspension of Brazilian President Dilma Rousseff. The bond sale is the first by any Brazilian company since last June and the first to test... Continue Reading →
UPDATE 2-Petrobras to sell new bonds, repurchase up to $3 bln in debt
State-controlled Petróleo Brasileiro SA plans to sell five- and 10-year dollar-denominated bonds as early as Tuesday, the first global offering of bonds by any Brazilian company since last June, as the debt-laden Brazilian oil producer seeks to ease repayment risk in coming years. Rio de Janeiro-based Petrobras announced the offering in a securities filing, alongside... Continue Reading →
Petrobras announces offering of Global Notes and Commencement of Offers to Purchase and Consent Solicitation
Rio de Janeiro, Brazil – May 17, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) hereby announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer global notes in one or more series (the “Notes”), subject to market and other conditions. The Notes will be unsecured obligations of PGF and... Continue Reading →
